EMERSON ELECTRIC CO (EMR): debt financing — Emerson enters $3.5B five-year revolving credit facility, replacing prior facility

EMERSON ELECTRIC CO

New $3.5B unsecured revolving credit facility with JPMorgan Chase as agent, Citibank as syndication agent.
Facility expires February 2028; replaces a similar $3.5B facility dated May 2018, terminated on Feb 17, 2023.
No outstanding loans or letters of credit under the new facility; company has no current intention to borrow.
Facility supports general corporate purposes, including commercial paper borrowings.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EMERSON ELECTRIC CO incurred revolving credit of $3.5 billion with JPMorgan Chase Bank, N.A., as agent, Citibank, N.A., as syndication agent, and the lenders named therein maturing February, 2028.

Instrument: revolving credit
Principal: $3.5 billion
Counterparty: JPMorgan Chase Bank, N.A., as agent, Citibank, N.A., as syndication agent, and the lenders named therein
Maturity: February, 2028
Event: incurrence

Exact text from the filing

On February 17, 2023, the Company entered into a $3.5 billion five-year revolving credit facility (the “2023 Facility”) with JPMorgan Chase Bank, N.A., as agent, Citibank, N.A., as syndication agent, and the lenders named therein. The 2023 Facility expires in February, 2028

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Source: SEC EDGAR

accession 0001104659-23-023788

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